Vacant Land Commercial for sale
A well-positioned development site can make a significant difference to the viability of a residential project. This 1.4-hectare Residential 3 property in Polokwane Ext 138 places developers within a broader development planned to incorporate residential, institutional and business uses.
The development will include Residential 3 and Institutional properties alongside an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden, creating a broader environment designed to support residential occupation and complementary services.
This property benefits from proximity to established residential and retail amenities. Its Residential 3 zoning permits a density of 44 dwelling units per hectare, making the site suitable for a medium-density residential concept such as townhouses, cluster housing or a secure residential estate.
The presence of Netcare Akeso in the surrounding area also introduces a potential tenant and buyer market among healthcare professionals and support staff who may value accommodation within convenient reach of their workplace.
With its combination of residential zoning, development scale and surrounding amenities, the property offers developers an opportunity to establish a residential project within an area undergoing continued development.
Development Highlights
Leasehold Title
This Land Parcel is available under Leasehold Title for 49 years and 9 months, with at least one renewal period, and registered against the Title Deed in the Deeds Office. A minimum initial lease payment of 25% is required, with the remaining balance attracting a monthly land lease calculated at 8% per annum of the outstanding land value (up to a maximum of 75% of the market value). Owners are free to develop, finance, improve, lease or sell their leasehold rights.
This is a VAT Transaction. The sales price is Excluding VAT.
Listed for sale at R12,753,000
Bendor is a premier commercial and residential hub in Polokwane, offering high-visibility retail opportunities and modern office spaces that cater to a growing professional demographic.
